Coindesk Logo

Welcome to the Groundhog Day Economy (PS, It Sucks)

Welcome to the Groundhog Day Economy (PS, It Sucks)

Welcome to the Groundhog Day Economy (PS, It Sucks)

As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again.

As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again.

As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again.

AccessTimeIconJun 27, 2020, 2:00 PM
Updated Aug 19, 2021, 2:48 AM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again. 

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Bitstamp and Ciphertrace.

This is a movie we’ve seen before:

  • Rise in what could have been preventable COVID-19 cases
  • A call for shutdowns (plus voluntary closures)
  • Rampant politicization of health and economic issues rather than common sense approaches
  • Persistent jobless claims plus new layoffs 
  • Wall Street nerves turning into new Federal Reserve and Treasury action

Rinse, repeat, economy!

This week on The Breakdown:

  • Some of the smartest investors in the crypto space share how they think the larger macro context is shaping interest in bitcoin and digital assets.
  • An oil and commodities expert breaks down how the shale revolution reshaped global energy power and why oil went below $0 earlier this year.
  • From markets to real estate to the dollar to retail, the data on whether the market is recovering or not is hella confused.
  • Scam selling, a big win for privacy from Apple, new jobless claims in the “whack-a-mole” economy and the biggest BTC options expiry ever.
  • The managing partner of Adamant Capital joins for a conversation about what the Protestant Reformation and the French Revolution can teach us about bitcoin.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.